Ampco-Pittsburgh (NYSE:AP) Share Price Passes Above 200-Day Moving Average of $3.03

Ampco-Pittsburgh Co. (NYSE:AP)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.03 and traded as high as $3.49. Ampco-Pittsburgh shares last traded at $3.33, with a volume of 19,300 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Ampco-Pittsburgh in a report on Tuesday. They issued a “buy” rating on the stock.

Ampco-Pittsburgh Trading Up 3.4 %

The firm has a market capitalization of $66.17 million, a PE ratio of 47.58 and a beta of 0.98. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.92 and a current ratio of 1.98. The firm has a fifty day moving average of $3.39 and a 200 day moving average of $3.03.

Ampco-Pittsburgh (NYSE:AP) last posted its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter. Ampco-Pittsburgh had a return on equity of 1.40% and a net margin of 0.37%. The company had revenue of $107.21 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AP. Prudential Financial Inc. acquired a new position in shares of Ampco-Pittsburgh in the 1st quarter worth approximately $30,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Ampco-Pittsburgh in the 1st quarter worth approximately $45,000. Levin Capital Strategies L.P. acquired a new position in shares of Ampco-Pittsburgh in the 4th quarter worth approximately $75,000. NewEdge Advisors LLC grew its position in shares of Ampco-Pittsburgh by 15.7% in the 2nd quarter. NewEdge Advisors LLC now owns 22,146 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Tejara Capital Ltd acquired a new position in Ampco-Pittsburgh during the 4th quarter valued at approximately $114,000. Institutional investors and hedge funds own 45.22% of the company’s stock.

About Ampco-Pittsburgh

Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. It operates in two segments, Forged and Cast Engineered Products (FCEG); and Air and Liquid Processing (ALP).